At noon today, ZTE Corporation issued an announcement to the outside world that the company received a court judgment on March 22, 2022, US time, ruling not to revoke ZTE's probation period (that is, the probation period will expire on March 22, 2022 (US time)) and without any penalties, and confirmed that the term of office of the Ombudsman will end on March 22, 2022, the original US time.
It also means that telecom equipment maker ZTE's five-year compliance observation period has ended since its ruling in 2017.
ZTE said that the company's A shares have been suspended from the Shenzhen Stock Exchange since the opening of the market on the morning of March 23, 2022, and resumed trading from the opening of the market on the afternoon of March 23, 2022 after applying to the Shenzhen Stock Exchange. It is reported that after ZTE resumed trading in the afternoon of A-shares today, the large single second top up and down board, hong Kong stocks after the resumption of trading straight up, up more than 50%.
On March 9, ZTE released its 2021 financial report, the company achieved operating income of 114.52 billion yuan, an increase of 12.9% year-on-year; net profit attributable to listed companies was 6.81 billion yuan, an increase of 59.9% year-on-year, operating income and net profit hit a record high.
At the end of the five-year compliance observation period, ZTE will open a new chapter in development. In 2022, ZTE ushered in the beginning of the transcendent period, the global situation is still unpredictable, and uncertainty has intensified. At the same time, the in-depth advancement of domestic 5G, the acceleration of industry applications, the emergence of a dual-carbon economy, the development of new infrastructure in full swing, and the wave of digitalization have become unstoppable.
As a road builder of the digital economy, ZTE will seize these new opportunities, consolidate the foundation, achieve leapfrog development, and move towards the goal of "Fortune 500". In the operator business, adhere to the key areas of technology leadership, the main product technology competitiveness strives for the first, increase the core chip self-research, to ensure the commercial sustainability of products. In the domestic market, we dare to compete for breakthroughs, constantly challenge higher shares, and contribute to the scale of profitability; overseas markets, around the "big country T big network" to strengthen strategic breakthroughs and steady operation. In government and enterprise affairs, focus on energy, transportation, government affairs, finance, Internet, large enterprises, strengthen the comprehensive competitiveness of channels, realize the rapid replication and promotion of traditional advantageous products and new products such as servers and IDC data centers, and complete leapfrog growth. In the consumer business, seize the opportunity of mobile phone and mobile Internet product development and change, and rapidly expand the scale. In new businesses, strengthen the digital transformation business such as 5G industry and automotive electronics, digital energy business and smart home expansion, accelerate the breakthrough and become a new engine of performance growth. At the same time, ZTE will continue to promote digital transformation and improve the operational efficiency of all links; will continue to increase the attraction and incentive of core talents, improve the compliance management system, strengthen internal control governance, and prevent corporate risks; build a highly resilient organization, actively practice the concept of dual-carbon green development, and achieve sustainable development of enterprises.
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Editor-in-Charge/Layout: Fan Fan
Review: Shen Qing
Producer: Liu Qicheng
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